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Afren proved naysayers wrong, met annual production targets and saw in the new
year with a bang.

The shares jumped 17½p, or 20.4 per cent, to 103¼p after the oil exploration
company revealed on Monday, when the stock market was closed, that its Ebok
field in Nigeria was producing about 40,000 barrels of oil and gas
equivalent a day.

This, its operations in Ivory Coast and in Okoro, Nigeria, took production at
the end of last year to 55,000 barrels a day, 10 per cent above a target
that many in the industry believed Afren would struggle to meet.